Guideline Value for CHERIYAMMAN KOIL STREET

Cheriyamman Koil Street guideline value

The current guideline value of Cheriyamman Koil Street is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Cheriyamman Koil Street has changed

Over the years, the guideline value for Cheriyamman Koil Street has undergone several revisions. The oldest available figure is from the 2017 revision, which was Rs 50 per sq.ft. This increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 100% increase. The most recent revision in 2024 sets the value at Rs 101 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the revisions from the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 102%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 101 per sq.ft, which is equal to the current value of Cheriyamman Koil Street.

• Chinna Errikarai Street: Rs 101 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 2nd STREET: Rs 101 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 1st STREET: Rs 101 per sq.ft (2024)
• Devarajapuram Salai: Rs 101 per sq.ft (2024)
• Devarajapuram Street: Rs 101 per sq.ft (2024)
• Bajar Veethi: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Cheriyamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 101 per sq.ft, the guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, making the total charges Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Cheriyamman Koil Street?

The Sub Registrar Office that covers Cheriyamman Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a critical factor when registering property transactions in Cheyyur - A. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are documented at a fair value as determined by the government.

When you buy or sell property, the registration office will refer to the guideline value to assess the applicable charges. This ensures transparency and uniformity in property transactions across the region.

Frequently asked questions

What is the current guideline value of Cheriyamman Koil Street?

The current guideline value of Cheriyamman Koil Street is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2017 to Rs 101 per sq.ft in 2024. This represents a total increase of 102% over these years.

What are the other streets with the same guideline value in Cheyyur - A?

Other streets in Cheyyur - A with the same guideline value of Rs 101 per sq.ft include Chinna Errikarai Street, CHELLIYAMMAN KOVIL 1st and 2nd STREETS, Devarajapuram Salai, and Devarajapuram Street.

What fees are associated with buying property in Cheriyamman Koil Street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Cheriyamman Koil Street?

The Sub Registrar Office for Cheriyamman Koil Street is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.